$188 million in ETH tied to PlusToken Ponzi moves for first time since December

Source: The Block 2020-06-28

Nearly 790,000 ETH – worth roughly $188 million – held in a wallet connected to the PlusToken Ponzi scheme were on the move in a pair of transactions.

Those two transactions, accounting for 789,533 ETH, can be viewed here and here. The last time these funds moved was on December 19.

The transactions come two days after a significant quantity of EOS also held in a PlusToken wallet moved. In that instance, some $67 million in EOS – representing 26.3 million tokens – moved to a new address.

PlusToken is believed to represent one of the biggest cryptocurrency-related scams in history, accounting for the loss of more than $2 billion in lost user funds according to a past analysis by CipherTrace. Chinese officials have made arrests in connection with an investigation into the scheme, as previously reported.

In February, more than $117 million in bitcoin tied to the Ponzi scheme were moved to two different addresses, as The Block previously reported.

Cryptocurrency fraud

Cryptocurrency

$188 million in ETH tied to PlusToken Ponzi moves for first time since December

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